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Cheyne Capital in London is managing and marketing globally its first equity tranche with an investment-grade rating.

The effort to switch credit options to an automated expiry process has been pushed back at least until next year, as a debate continues among dealers about what fixed strikes to offer.

Credit Suisse in London has transferred management of an independent internal equity fund to its equity proprietary trading group.

Dresdner Kleinwort in London has hired Iain Clamp, a senior proprietary trader at UFJ International, as head of index equity derivatives trading.

Dealers in the U.S. have been structuring simple bespoke baskets of equity stocks for institutional clients that look like exchange-traded funds.

Goldman Sachs is marketing a suite of standardized property derivatives on U.S. housing indices to institutional and retail clients and has enlisted dealer support to make markets in the instruments, due to launch within the next few months.

HSBC is marketing its first synthetic balance sheet collateralized loan obligation, called Metrix Securities.

There has been a marked pickup in trading of variance swaps on Kospi, the Korea composite stock price index.

HB Capital Partners is readying what is believed to be the first hedge fund focused on Indonesia.

A quiet week for credit-default swap trading was dotted with some small moves triggered by leveraged buyout talk.